Press Release
GREENWICH, Conn. – April 3, 2006 – HALO Technology Holdings (OTCBB: WARP) (OTCBB: HALO), a holding company for established enterprise software companies, today announced that effective immediately the company’s common stock will begin trading under the new ticker symbol “HALO.” The company’s common shares will continue to trade on the Over-the-Counter Bulletin Board.
HALO CEO Ron Bienvenu stated, “The new ticker symbol is better aligned with our company name, and the strong brand recognition we are gaining within the enterprise software market. With 11 announced or completed acquisitions in less than 18 months, thousands of corporations around the world now rely on our portfolio companies to deliver high quality enterprise class software and services. We believe we have secured a strong and sustainable financial foundation, and we are now focused on strategic growth across the portfolio. The primary engine of our growth strategy is our unique ‘lift and shift’ strategy, which allows portfolio company customers the choice to migrate to a more efficient and cost effective software-as-a-service architecture at a time and pace that fits their business model, not ours. Although the lift and shift strategy is still relatively new, we are encouraged by the overwhelmingly positive response we have received from customers.”
HALO Technology Holdings, Inc. is a global provider of a diversified range of standards-based enterprise software applications and on-demand solutions. HALO's strategy is to acquire and operate enterprise software companies with a commitment to sustainable growth. HALO portfolio companies focus on customer service, product quality and profitability to build long term customer relationships and ensure customer satisfaction today and into the future. Everyday, thousands of corporations and institutions from across the globe rely on our portfolio companies to deliver high quality, enterprise class software and services. For more information, please see our website at www.haloholdings.com.
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those relating to future opportunities, the outlook of customers, the reception of new products and technologies, and the success of new initiatives. In particular, statements contained in this press release that concern future operating results or other statements using words such as “anticipate,” “believe,” “could,” “estimate,” “intend,” “may,” “plan,” “project,” “should” “will,” or “set our sights on” constitute forward-looking statements and are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.In addition, such forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results expressed or implied by such forward-looking statements. Such factors include: (i) demand for the Company's products; (ii) the actions of current and potential new competitors; (iii) changes in technology; (iv) the nature and amount of the Company's revenues and expenses; and (v) overall economic conditions and other risks detailed from time to time in the Company's periodic earnings releases and reports filed with the Securities and Exchange Commission (the "Commission"), as well as the risks and uncertainties discussed in the Company's Annual Report on Form 10-KSB filed with the Commission on September 28, 2005 (the "Form 10-KSB") and the Company's Quarterly Reports on Form 10-QSB filed with the Commission on November 14, 2005 and on February 15, 2006.